Group 1 - The core viewpoint of the news is that Mango TV is expected to maintain a stable performance in 2025, with projected net profit ranging from 1.1 billion to 1.4 billion yuan, reflecting a year-on-year change of -19.38% to 2.61% compared to the previous year's profit of 1.36 billion yuan [1] - In 2025, Mango TV continues to strengthen its quality content reserves and optimize the release schedule, with effective viewing volume of variety shows ranking first among long video platforms and a 28.12% year-on-year increase in effective viewing volume of film and television dramas [1] - The company has achieved significant results with its exclusive broadcasting strategy, with Mango's exclusive variety shows ranking first in the industry and a peak market share of over 20% for five major variety shows [1] Group 2 - Mango TV's network broadcast ratio reached 75% in 2025, leading the industry, and the micro-short drama strategy has accelerated, with the "Big Mango Plan" launching 5,137 micro-short dramas, a growth of over 14 times compared to the previous year [1] - The "Mango Big Model" has achieved full-process AI empowerment, with AIGC and data-driven approaches deeply integrated into the content production chain, achieving over 93% business application coverage [1] - The average daily usage time per user on Mango TV remains the highest among long video platforms, with mobile MAU reaching 268 million, a year-on-year growth of 4.88%, and the effective membership scale nearing 75.6 million [2] Group 3 - The company’s subsidiary, Golden Eagle Cartoon, is expected to complete its annual performance commitments successfully [3] - Continuous investment in quality content and innovative technologies has increased operational costs, impacting current profits, with non-recurring gains expected to be between 230 million and 300 million yuan for 2025 [3] - The previous year's non-recurring gains were affected by a reversal of deferred tax assets amounting to 630 million yuan, resulting in non-recurring losses of 280 million yuan [3]

新华财经上海1月30日电（记者杜康）AI漫剧正在进入规模化生产探索阶段。30日，百度智能云正式发 布面向漫剧行业的AIGC全流程解决方案，并宣布百度智能云AIGC内容创作者联盟成立。同时，百度智 能云联合大宁集团视听静界π空间打造的"AIGC漫剧与IP衍生创新运营中心"完成授牌，标志着百度智能 云在内容产业AIGC落地层面的布局进一步加速。 相较传统动画，漫剧以其轻量化、高频更新的特点，成为AIGC率先落地的重要领域。记者了解到，当 前动态漫、漫剧等短剧内容市场已突破百亿规模并持续高速增长，为AIGC提供了商业验证的广阔空 间。随着生成式AI在多模态能力上的突破，漫剧的生产流程正迎来结构性变革。 百度智能云此次发布的AI漫剧行业解决方案，聚焦"从创意到成片"的全链路能力整合，覆盖剧本生成、 分镜拆解、角色与场景设定、画面生成、动态演绎、配音配乐及内容管理等核心环节。通过模型能力与 行业工具链的结合，原本高度依赖人工分工的制作流程正在被拆解和重组，使创作团队能够以更轻量的 方式完成高频内容生产。 除技术与生态动作外，百度智能云也在加快AIGC内容产业的区域化布局。现场，由上海市静安区文化 和旅游局支持，百度智能 ...

中新网广州1月30日电 (记者 张璐)1月30日，"筑梦湾区 青创未来"2026粤港澳大湾区青创盛会(简称"活 动")在粤港澳大湾区(广东)创新创业孵化基地(简称"基地")启幕。 活动现 获评"摊位人气王"的禅界科技(广州)有限公司现场互动热度持续高涨，合作对接覆盖战略合作、零售合 作等多维度，更吸引风险投资人主动洽谈。目前双方已落实具体合作事宜的进一步沟通安排。 本次活动特邀暨南大学管理学院企业管理系教授、博士生导师叶茂林开展创业Talk，围绕"从'流量红 利'到'深耕格局'的战略跃迁"进行剖析，为港澳青年把握产业趋势、融入湾区发展提供专业视角。 活动现场正式发布《湾区筑梦青创未来》系列视频。该系列自去年底上线以来，累计播放量已突破270 万，通过纪实影像呈现香港青年在大湾区的创业历程与发展故事。 在香港青年企业家快闪宣介环节中，8位来自不同领域的香港创业代表依次进行两分钟项目分享，阐述 各自的创业实践与落地成果。 本次活动特设的"青创开放麦"环节，为创业者提供了表达初心、分享创业历程的舞台。专注AIGC创新 应用的"00后"创业团队——应流(广州)科技有限公司负责人肖子逸表示，本次市集收获颇丰，团队已高 ...

Group 1 - The company Mango TV (芒果超媒) expects a net profit attributable to shareholders of 1.1 billion to 1.4 billion yuan for the year 2025, representing a year-on-year change of -19.38% to 2.61% [4] - The non-recurring net profit is projected to be between 870 million and 1.1 billion yuan, indicating a decline of 33.12% to 47.11% year-on-year [4] - As of January 30, the company's price-to-earnings ratio (TTM) is approximately 34.03 to 43.32 times, with a price-to-book ratio (LF) of about 2.06 times and a price-to-sales ratio (TTM) of around 3.7 times [4] Group 2 - Mango TV continues to strengthen its quality content reserves and optimize the launch rhythm, with effective play volume of variety shows ranking first among long video platforms, and the effective play volume of TV dramas increasing by 28.12% year-on-year [15] - The company has accelerated its micro-short drama strategy, with the "Big Mango Plan" set to launch 5,137 micro-short dramas in 2025, representing a growth of over 14 times compared to the previous year [15] - The "Mango Big Model" has achieved full-process AI empowerment, with over 93% coverage in business applications, enhancing user experience through AI-driven content delivery [15] Group 3 - The average daily usage time per user on Mango TV remains the highest among long video platforms, with mobile MAU reaching 268 million, a year-on-year increase of 4.88%, and the effective membership scale nearing 75.6 million [16] - The company's overseas expansion plan is progressing smoothly, with Mango TV selected as a key enterprise for cultural exports in 2025-2026 [16] - The small Mango e-commerce segment has achieved record GMV and annual profitability, marking a significant turning point for the business [16]

1月30日晚，AIGC软件A股上市公司万兴科技（300624.SZ）发布2025年度业绩预告。报告显示，2025 年万兴科技产品矩阵化成果显现，新业务加速成长，全年收入稳步增长；同时，AI投入持续，全年AI 服务器调用量超13亿次，同比增长超140%；营销策略加速转型，公司销售费用率年内呈下降趋势，公 司年度利润显著减亏，预计2025年归属于上市公司股东的净利润同比增长41.88%-60.23%，扣非净利同 比增长16.28%-41.08%，业绩总体改善明显。 根据报告，2025年，万兴科技AI原生应用及移动端产品收入保持较快增长，持续推动公司业务结构升 级；公司桌面端产品底座扎实，整体保持平稳。同时，北京磨刀刻石自2025年起不再纳入公司合并报表 范围，对当期合并收入规模产生一定影响；AI投入方面，公司持续聚焦AI垂直领域的技术研发与产品 化应用，围绕核心技术能力加大研发投入，持续夯实产品竞争力。据了解，万兴科技于2025年重磅发布 万兴天幕音视频多媒体大模型2.0，其海外版ToMoviee 2.0 AI综合得分跻身VBench-2.0评测榜单全球 TOP3，摄像机运动和运动合理性关键指标斩获全球第一，并推 ...

智通财经1月30日讯（记者 吴雨其）过去几年，港股经历了从情绪主导的深度调整，到在政策支持与盈 利预期修复下逐步回到相对合理估值区间的过程。指数一轮反弹之后，"便宜"不再是对港股的唯一标 签，市场重新回到盈利、分红和产业结构本身的博弈：一端是高股息、强现金流的红利资产，另一端是 受全球流动性和主题情绪影响更大的成长与科技板块，冰火两重天的特征越来越鲜明。 与此同时，全球AI浪潮正在重塑资本流向与产业格局。从美国大型科技公司，到东北亚的半导体、内 存与高端制造，再到与中国内需、互联网和创新药相关的上市公司，围绕算力、算法与应用场景的竞争 持续升温。亚洲市场在这条产业链中的位置愈发关键，如何在估值不再极端低位的阶段，沿着AI产业 链与区域分工重新审视港股与亚洲资产的性价比，正在成为机构投资者的共同问题。 在这样的背景下，近日，智通财经记者采访了国海富兰克林基金QDII投资总监徐成，他对影响港股后 续表现的关键变量、港股下一阶段的主要机会，以及亚太AI产业链投资等话题进行了系统交流。从他 的回答中，既能看到他对港股估值与盈利的冷静拆解，也能看到他在韩国、中国台湾、日本、港股与A 股之间来回穿梭、顺着AI产业链逐层挖 ...

| | (+CH) | TF招商成 | 涨跌幅 | | --- | --- | --- | --- | | | 301486 | 致尚科技 | | | 2 | 300570 | 太辰光 | 11.64% | | 3 | 300394 | 天孚通信 | 11.55% | | 4 | 301205 | 联特科技 | 10.40% | | 5 | 300502 | 新易盛 | 5.77% | | 6 | 300620 | 光库科技 | 5.43% | | 1 | 300223 | 北京君正 | 5.20% | | 8 | 300308 | 中际旭创 | 4.91 % | | | 300548 | 长芯博创 | 4.4% | | | | 协创数据 | 46996 | 1月30日，创业板午后走强。数据显示，截至14时2分，创业板人工智能ETF招商(159243)涨2.38%，一 度涨2.99%。成分股致尚科技、天孚通信、太辰光、联特科技、新易盛涨幅居前。 长城证券表示，数据中心因为流量爆发带来的光模块需求仍是目前光模块发展核心驱动力。随着AIGC 的发展，国内外大模型推理侧数据量的快速上升，将进一步催化光模块算力需求的 ...

1月30日午后，创业板人工智能飙涨，光模块CPO概念股大爆发！致尚科技领涨20CM涨停，天孚通信上涨16%创历史新高，新易盛、中际旭创 纷纷拉涨超6%。 热门ETF方面，同标的指数规模最大、流动性突出的创业板人工智能ETF华宝（159363）场内价格上涨3%冲击前高，放量成交超6亿元！ 当前AI发展从算力建设走向应用落地，一键布局"算力+AI应用"的创业板人工智能ETF（159363）及场外联接（A类023407、C类023408），更 直接受益于AI技术商业化爆发的增长红利。从赛道看，创业板人工智能约六成仓位布局算力（光模块龙头+IDC龙头），约四成仓位布局AI应 用，不止是"算力"核心，也是真正的"AI应用"代表。 数据来源：沪深交易所等。 风险提示：创业板人工智能ETF华宝被动跟踪创业板人工智能指数，该指数基日为2018.12.28，发布日期为2024.7.11，创业板人工智能指数 2021-2025年年度涨跌幅分别为：17.57%、-34.52%、47.83%、38.44%、106.35%。指数成份股构成根据该指数编制规则适时调整，其回测历史 业绩不预示指数未来表现。文中指数成份股仅作展示，个股描述不 ...

风险提示：创业板人工智能ETF华宝被动跟踪创业板人工智能指数，该指数基日为2018.12.28，发布日 期为2024.7.11，创业板人工智能指数2021-2025年年度涨跌幅分别为：17.57%、-34.52%、47.83%、 38.44%、106.35%。指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表 现。文中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的 持仓信息和交易动向。基金管理人评估的本基金风险等级为R4-中高风险，适宜积极型（C4）及以上的 投资者，适当性匹配意见请以销售机构为准。任何在本文出现的信息（包括但不限于个股、评论、预 测、图表、指标、理论、任何形式的表述等）均只作为参考，投资人须对任何自主决定的投资行为负 责。另，本文中的任何观点、分析及预测不构成对阅读者任何形式的投资建议，亦不对因使用本文内容 所引发的直接或间接损失负任何责任。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 MACD金叉信号形成，这些股涨势不错！ 1月30日午后，创业板人工智 ...

Investment Rating - The report indicates a positive outlook for the media industry, highlighting potential growth driven by policy improvements and AI advancements [4][7][17]. Core Insights - The media industry is characterized by a "supply determines demand" dynamic, with recent policy changes since 2022, particularly in the gaming sector, leading to a gradual recovery in supply and overall industry fundamentals [4][7][17]. - The introduction of the "Broadcasting 21 Measures" in August 2025 is expected to further enhance the supply side of the film and television industry, potentially marking a turning point in industry prosperity [7][25]. - AI technology is increasingly empowering production across various media sectors, significantly reducing costs and improving efficiency, which may lead to a new phase of growth in the industry [8][34][44]. Summary by Sections Policy Environment - The policy environment has shown marginal improvements, effectively addressing supply shortages in the media industry. Since 2022, the number of gaming licenses has been steadily increasing, and the "Broadcasting 21 Measures" aims to optimize the supply side of the film and television industry [7][25][27]. AI Empowerment - AI technology is being integrated into various media sectors, enhancing production efficiency and reducing costs. In gaming, AI is transitioning from a cost-cutting tool to a core element of gameplay innovation, while in advertising, AI has been validated by companies like Meta for improving return on investment [8][34][44]. Industry Performance - The media industry is expected to see significant performance improvements, with revenue and net profit showing positive growth starting in 2025. The gaming sector, in particular, has experienced accelerated growth, with Q3 2025 revenue reaching approximately 27.06 billion yuan, reflecting a year-on-year increase of about 35.23% [48][49]. Index Analysis - The CSI Media Index focuses on marketing, advertising, cultural entertainment, and digital media, with a significant portion of its constituents in the gaming and advertising sectors. The index is expected to benefit from the ongoing integration of AI technology and favorable policy changes [9][58][61]. ETF Overview - The CSI Media ETF (512980), managed by GF Fund Management, is the largest in its category, providing a liquid investment vehicle for exposure to the media sector. As of January 16, 2026, the ETF's scale is approximately 9.96 billion yuan [10][94].